Let's use the chart pattern function to predict stock prices!
Are you having trouble finding stocks that are good to invest in? For those people, moomoo might be useful.
Generally, when selecting stocks to invest in, in addition to fundamentals, technical indicators such as candlestick patterns and chart shapes are analyzed.
In this content, I'll show you how to use the candlestick pattern using moomoo.
Tap Markets > US Stocks/Japanese Stocks > Chart Patterns to access it.
20 common bullish and bearish patterns are shown.
If you tap one of the chart patterns, the stock with the shape of a candlestick most similar to the selected pattern will be displayed.
Select one of the listed stocks to check detailed information about that stock.
How to view stock candlestick chart patterns?
You can display the candlestick chart display pattern by tapping the pattern details > toolbox > chart settings > candlestick display settings > “chart pattern” swipe button.
You can display the candlestick chart display pattern by tapping the pattern details > toolbox > chart settings > candlestick display settings > “chart pattern” swipe button.
In this case, the pattern is automatically displayed on the daily chart, so you can save yourself the trouble of drawing the pattern yourself.
Tap on the pattern to display it.
parsing: The settings for the lower price support line and upper price resistance line and the probability of an increase for the next day are displayed.
Backtesting:The frequency of occurrence of the pattern and its success rate, based on data from the past 2 years, are also shown.
The feature uses big data and image recognition algorithms to quickly identify stocks that are likely to meet the criteria.
However, keep in mind that other factors such as fundamentals and market sentiment should also be considered when making investment decisions.
This content only discusses technical analysis. Therefore, if other approaches involving fundamental analysis are taken, the results of the analysis may be completely different. What is posted is for illustrative purposes only, and does not indicate results that can be obtained through investment.
Investments are risky and you may lose your principal. Therefore, we ask that you base your investment and financial decisions on your own specific economic needs, objectives, goals, timeframe, and risk tolerance. Every investment involves risk.
The use of tools and data provided by the moomoo app does not guarantee the success of your investment or reduction of investment risks.
Historical performance data also does not guarantee future results.
This content is intended only for information and explanation of how to use the moomoo app, and does not recommend a specific investment or investment strategy. The investment information provided in this content is for general purposes only, is for illustrative purposes, and may not be appropriate for all investors. It is offered regardless of individual investors' financial optimization, financial situation, investment objectives, investment period and risk tolerance. Please consider the appropriateness of this information by considering relevant personal circumstances before making an investment decision. Past investment performance does not indicate or guarantee future success. Earnings vary, and every investment involves risk, including loss of principal. moomoo makes no representation or warranty with respect to the appropriateness, completeness, accuracy, or timeliness of the above content for any special purpose.
This content is intended only for information and explanation of how to use the moomoo app, and does not recommend a specific investment or investment strategy. The investment information provided in this content is for general purposes only, is for illustrative purposes, and may not be appropriate for all investors. It is offered regardless of individual investors' financial optimization, financial situation, investment objectives, investment period and risk tolerance. Please consider the appropriateness of this information by considering relevant personal circumstances before making an investment decision. Past investment performance does not indicate or guarantee future success. Earnings vary, and every investment involves risk, including loss of principal. moomoo makes no representation or warranty with respect to the appropriateness, completeness, accuracy, or timeliness of the above content for any special purpose.
moomoo is a financial information and transaction application provided by moomoo Technologies Inc.
In the US, investment products and services available through the moomoo app are offered by moomoo Financial Inc., a broker-dealer registered with the US Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) /Securities Investor Protection Corporation (SIPC).
*The app images provided in this content are not current, and the securities shown are for illustrative purposes and are not a recommendation for purchase.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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